Amalgamated Bank Has $780,000 Position in Urban Edge Properties (NYSE:UE)

Amalgamated Bank boosted its holdings in shares of Urban Edge Properties (NYSE:UE) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 36,272 shares of the real estate investment trust’s stock after acquiring an additional 724 shares during the period. Amalgamated Bank’s holdings in Urban Edge Properties were worth $780,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. USA Financial Formulas bought a new position in shares of Urban Edge Properties in the 4th quarter worth $93,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Urban Edge Properties by 36.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,612 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 1,221 shares during the last quarter. Quest Partners LLC bought a new position in Urban Edge Properties during the third quarter worth about $101,000. KBC Group NV grew its position in shares of Urban Edge Properties by 42.1% during the 4th quarter. KBC Group NV now owns 5,141 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,524 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Urban Edge Properties in the 3rd quarter valued at about $206,000. Institutional investors own 94.94% of the company’s stock.

Urban Edge Properties Stock Down 0.3 %

Shares of Urban Edge Properties stock opened at $20.54 on Tuesday. Urban Edge Properties has a 1 year low of $15.81 and a 1 year high of $23.85. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market capitalization of $2.58 billion, a P/E ratio of 34.82 and a beta of 1.54. The business has a 50-day moving average of $20.60 and a two-hundred day moving average of $21.38.

Urban Edge Properties (NYSE:UE) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.34 EPS for the quarter, topping the consensus estimate of $0.09 by $0.25. Urban Edge Properties had a net margin of 16.31% and a return on equity of 5.59%. As a group, equities analysts predict that Urban Edge Properties will post 1.4 EPS for the current year.

Urban Edge Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.19 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Urban Edge Properties’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 3.70%. Urban Edge Properties’s dividend payout ratio is presently 128.81%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Evercore ISI reduced their price objective on shares of Urban Edge Properties from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th. StockNews.com raised shares of Urban Edge Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, February 25th.

Insiders Place Their Bets

In other Urban Edge Properties news, CEO Jeffrey S. Olson sold 240,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $22.45, for a total value of $5,388,000.00. Following the sale, the chief executive officer now owns 1,931 shares in the company, valued at approximately $43,350.95. The trade was a 99.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.10% of the company’s stock.

Urban Edge Properties Company Profile

Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, DC to Boston corridor. Urban Edge owns 76 properties totaling 17.1 million square feet of gross leasable area.